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Covid curb impact: Remittances decline up to 10% in two weeks amid reverse migration

Updated Apr 14, 2021 | 11:26 IST
With nearly 1.85 lakh daily cases being added on Tuesday, several states have imposed restrictions to prevent the spread of Covid-19 cases.
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New Delhi: With industrial states like Maharashtra imposing localised lockdown amid a rapid surge in Covid cases and apprehensions about similar curbs in Delhi-NCR, migrant workers have started moving back to their villages, affecting remittances. According to a report in the
Economic Times, remittances to less-affluent hinterland from these urban pockets have already by 10% in the past two weeks.
The business daily citing major remittance companies mentioned that the rapid spread of Covid in urban areas and concerns over a total lockdown, as was the case last March, have already prompted a section of the migrant workforce to leave the big cities. However, infrastructure and manufacturing projects, which have put in place an enabling ecos ....

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